Oil and gas production in the United States and North America is going to skyrocket in the next 8 years due to strides in natural resource extraction, write Citi analysts in a report published yesterday. In fact, they went so far as to call North America “the new Middle East,” at least in terms of oil production.
Thisâ€”as well as a trend towards declining U.S. energy consumptionâ€”will completely transform both the domestic economy and the threats the U.S. will face in the future.
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